Swiggy Limited IPO (Swiggy Limited IPO) Details

Swiggy Limited—founded in 2014 and headquartered in Bangalore, India—is a leading platform in India's food delivery and quick-commerce sectors, providing customers with an integrated app for a wide range of services. Through a single app, Swiggy enables users to search, select, order, and pay for food, groceries, and household goods, which are delivered by an extensive, on-demand delivery network. Swiggy's core offerings include:

1. Food Delivery: Serving 580 cities across India, Swiggy’s platform connects consumers with an array of restaurant partners, focusing on quality, variety, and reliability.

2. Quick Commerce (Instamart): Through Instamart, Swiggy offers quick delivery of groceries and household essentials. As of September 2024, Instamart operated 605 active dark stores across 43 cities, providing around 19,000 SKUs, including everyday essentials, snacks, hygiene products, and festive items.

3. Out-of-Home Consumption: Facilitating restaurant visits and events, this unit includes features like Dineout for restaurant reservations and SteppinOut for event bookings.

4. Supply Chain & Distribution (B2B Services): Offering logistics and distribution services for wholesalers and retailers, Swiggy supports end-to-end supply chain solutions with warehousing and business-to-business deliveries.

5. Platform Innovation: New initiatives include Swiggy Genie for hyperlocal pickups and deliveries, Swiggy Minis for hyperlocal commerce, and a range of digital payment options, including Swiggy Money, Swiggy UPI, and a co-branded credit card with HDFC Bank.

To enhance business growth for its partners, Swiggy provides comprehensive analytics tools for better online presence, last-mile fulfillment services, and business insights. The company’s Swiggy One membership offers users exclusive discounts and benefits across the platform.

Financially, Swiggy has shown significant growth, with gross revenue reaching ₹17,296.30 crores in 2024, up from ₹14,545.32 crores the previous year. Operating revenues surged as well, reflecting Swiggy's expanding presence and services.

With over 5,401 employees as of June 2024, Swiggy continues to solidify its leadership in India’s food delivery and quick commerce industries, aiming to provide seamless, reliable, and diverse options to customers across the country.